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Calculate ending inventory and cost of goods sold using FIFO ( LO6-3) BE6-5...

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Accounting

Calculate ending inventory and cost of goods sold using FIFO ( LO6-3)
BE6-5 During the year, Wright Company sells 470 remote-control airplanes for $110 each.
The company has the following inventory purchase transactions for the year.
Calculate ending inventory and cost of goods sold for the year, assuming the company uses
FIFO.
Calculate ending inventory and cost of goods sold using LIFO ([ LO6-3)
BE6-6 Refer to the information in BE6-5. Calculate ending inventory and cost of
goods sold for the year, assuming the company uses LIFO.
ANSWER BE6-6
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